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Shilling Under Pressure Amid Global Shifts | Uganda News
Uganda’s shilling is sliding, hitting nearly 3,920 to the dollar from 3,740 just months ago—driven by soaring fuel prices, global oil shocks, and investor shifts toward US bonds. As businesses brace for holidays and Uganda delays its own oil production, the Bank of Uganda tightens liquidity to let the currency adjust naturally, hoping structural fixes will soon ease pressure on the economy. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:advertise@thednn.ai This is an automated, high-level news summary based on public…
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